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Is NCLT sanction required for every merger?
Yes, all mergers (not acquisitions) are required to be approved by the NCLT. The exception to this is a fastrack merger (involving small companies as defined in the Companies Act), for which approval is sought from the Regional Director (Central Government).
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Merger hai bhai/behen. There was NCLT approval for the same.
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So, vodafone-idea merge actually an acquisition, not a merger?
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Asset/share purchase is not a merger. It's an acquisition. A merger is a scheme of arrangement (requires NCLT approval, unless it's a Fast Track merger). An acquisition doesn't.
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If the merger is not through scheme of arrangements, but by way of asset/share purchase agreement, is NCLT sanction required?
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